fortuneminerals
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EVs & Energy Storage
 
Unknown - June 26, 2020
After 116 years: the end of production of the Golf Variant concludes Zwickau tradition of combustion engine vehicles

Transformation into Europe’s largest electric vehicle factory: six electric models of the brands Volkswagen, Audi and Seat will be manufactured in 2021…The last model with a combustion engine left the assembly line today at the Zwickau car factory. The seventh generation Golf R Estate02 with 2.0-litre petrol engine in Oryx White Pearl Effect was produced for a customer in Germany. From today on, only electric models of Volkswagen and in future also of the sister brands Audi and Seat will be produced in Zwickau. The leap into the modern automobile age has been a long one: since 1904, cars with combustion engines have been built in Zwickau…“Today is a historic day for us. We are proud of what we have achieved so far, and at the same time are greatly looking forward to what the future holds for us. The trend towards electric mobility will continue to pick up speed. We will meet this demand from Zwickau: we have already created the capacity to build 330,000 vehicles next year.”…With the step-by-step transformation of the Zwickau plant, Volkswagen is for the first time switching a large car factory completely to electric mobility. The investments for conversion amount to around 1.2 billion euros. In the final expansion stage from 2021, six MEB models will be built for three Group brands in Zwickau. 

 
The Independent - June 29, 2020
‘Our ambition would mean you would never be far from a charging point,’ says chief executive ‘Our ambition would mean you would never be far from a charging point,’ says chief executive

McDonald’s is to install hundreds of charging points for electric cars at its sites across the UK. Through a partnership with electric vehicle charging network InstaVolt, McDonald’s will introduce ports in the car parks of its drive-through restaurants where customers can charge their electric cars…According to the fast food giant, the ports will allow customers to charge their cars up to 80 per cent in under 20 minutes…The UK government intends to ban all new petrol and diesel cars by 2035 but sufficient e-vehicle infrastructure is not yet in place…Mr Pomroy added that with 1,300 McDonald’s restaurants across the UK, “our ambition would mean you would never be far from a charging point”.

 
Yahoo Finance UK - June 29, 2020
(Bloomberg) -- Even in the innovative world of electric vehicles, it’s an unusual proposition: Plunk down as much as $5,000 now to reserve ...
(Bloomberg) -- Even in the innovative world of electric vehicles, it’s an unusual proposition: Plunk down as much as $5,...

Even in the innovative world of electric vehicles, it’s an unusual proposition: Plunk down as much as $5,000 now to reserve the right in a few years to buy a battery-powered truck, before seeing a prototype or manufacturing plan to assure it’ll ever be built…That’s what Nikola Corp., the Phoenix-based company whose sudden stock surge has captured the attention of investors, is asking customers to do starting Monday. The reservations, which are refundable, take a page from Tesla Inc.’s playbook, but they require would-be vehicle buyers to take an even bigger leap of faith than Elon Musk ever did…Nikola founder Trevor Milton has said he hopes the truck, called the Badger, will one day rival Ford Motor Co.’s F-150, which for 43 years has been America’s best-selling pickup. Nikola went public on June 4 through a reverse merger, and the stock more than doubled on June 8 after he tweeted that Nikola would start taking reservations on June 29 for what he called “the most bad a-- zero emission truck.”…The company told prospective investors before going public that its focus was on producing a different type of vehicle -- big rig semi trucks starting with a model called the Nikola Tre. In a March filing, Nikola said it didn’t expect to draw up plans for the Badger pickup unless an established manufacturer agreed to make it…So far, Nikola has shared only computer renderings of the Badger, and has said it will cost between $60,000 and $90,000. 

 
 
Congo
 
Unknown - June 26, 2020
(Reuters) - Democratic Republic of Congo President Felix Tshisekedi won approval on Friday for his nominations to lead state mining company Gecamines, its chairman said, after they were held up by allies of Tshisekedi’s predecessor for over a year.

The approval from the public portfolio ministry could allow Tshisekedi to exert more influence over Gecamines, which controls minority stakes in most of Congo’s largest copper and cobalt projects…Tshisekedi announced his nominations in June last year. The refusal by successive public portfolio ministers - both allies of his predecessor Joseph Kabila - to sign off on them highlighted Tshisekedi’s struggle to impose his authority since taking over from Kabila in January 2019…He re-appointed Albert Yuma, a Kabila ally, as board chairman but named several of his own loyalists to senior positions. Tshisekedi’s spokesman said last year that the nominations were aimed at “stripping Yuma of his exorbitant powers”..Sama Lukonde Kyenge, a former member of parliament and sports minister who is an ally of Tshisekedi, will take over as director-general of the company.

 
 
fortuneminerals
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.

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Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.